#CNBC Why the Iran war is hurting California’s energy market

Why the Iran war is hurting California’s energy market
Global energy prices are rising as traffic through the Strait of Hormuz remains more than 90% below pre-war levels. While the U.S. remains insulated to a certain extent, domestic prices are also moving higher – especially in California. Almost 75% of California’s crude oil is imported from abroad according to the California Energy Commission. Pippa Stevens breaks down what the Iran war means for California’s energy economy.

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